[MetaPay] A Circulating Basic Income Model with Digital Currency

Thanks for checking out MetaPayP2P — a lot has changed since the Vibe Session demo.
Back then, what you saw was a simple distribution and reclaim loop.
Now, the system has grown into a fully interactive economic simulation with AI governance, peer‑to‑peer transactions, and adaptive policy logic — all running transparently on‑chain.


1. In what ways does this approach differ from traditional UBI programs we’ve seen before?

The original version was about proving that a fixed‑fund circulation model can sustain itself without new taxes or inflation.
In the current version, we’ve moved far beyond that:

  • Users can now send MetaPay and Cash in parallel to simulate real‑world spending behavior.
  • Transfers can happen in any direction: user ↔ user, user ↔ company, company ↔ company, and state ↔ user.
  • This allows us to model realistic economic flows — not just a closed test loop.

2. How can the model remain sustainable without additional tax revenue after the initial funding?

The system starts with a fixed initial fund, which continuously circulates through distribution and reclaim cycles.
Because reclaimed MetaPay is reused for the next distribution, no new tax revenue or monetary issuance is required, keeping the economy inflation‑neutral.


3. Could you explain how the 10‑month distribution and 10% reclaim cycle would work in real‑world usage?

In a real‑world scenario:

  1. The state distributes a fixed amount (e.g., $500) monthly to all eligible wallets for 10 months.
  2. At the end of the 10th month, 10% of each wallet’s remaining balance is reclaimed into the state wallet.
  3. This reclaimed amount becomes the fund for the following month’s distribution.
  4. The loop — 10 distributions, 1 reclaim, repeat — keeps the same initial capital in perpetual circulation.

4. How does the 50:50 spending rule help in controlling inflation or preventing misuse?

Every transaction must be made with 50% MetaPay and 50% Cash.
This ensures:

  • No “MetaPay‑only” hoarding or speculation.
  • Continued engagement with the broader cash economy.
  • Natural balancing — high spenders contribute more MetaPay back into circulation.

5. On the technical side, how are the distribution and reclaim functions implemented in the smart contract to ensure accuracy and fairness?

  • All core functions run on‑chain with transparent execution.
  • AI‑driven anomaly detection monitors for suspicious behavior (e.g., circular transfers, sudden large cash‑outs).
  • This ensures fair distribution and prevents abuse without manual intervention.

6. Does the AI analysis module directly interact with on‑chain data, or does it rely on an off‑chain backend service?

The AI operates entirely on Hyperion infrastructure using Alith AI:

  • Reads on‑chain data in real time.
  • Produces verifiable, auditable insights.
  • Feeds recommendations directly into the policy layer for near‑instant contract adjustments.

7. Is the smart contract fully open source, and has it undergone any security audits?

Yes — all code, AI logic, and transaction history are open for review.
Although no third‑party audit has yet been completed, the architecture is designed for full transparency and public verification.


8. Have you considered scalability challenges if this were deployed on a large‑scale mainnet?

Yes — while the current demo uses 10 user wallets and 5 company wallets for clarity, the system supports thousands of participants.
Potential real‑world applications include:

  • Small‑nation basic income pilots.
  • Local community economic systems.
  • DAO‑governed reward and incentive models.
    Hyperion’s parallel execution engine ensures that even high transaction volumes can be processed without congestion.

If anyone wants to see how the AI reacts to sudden spending spikes, abnormal transfers, or liquidity drops, I’m happy to arrange a guided walkthrough.
The code, AI logic, and transaction history are fully open for review.

By combining economic sustainability, AI governance, and total transparency,
MetaPayP2P is more than a demo — it’s an ongoing experiment in building self‑adjusting, trustless economies on‑chain.

1 Like

Thanks for the detailed response.
I’ve already done plenty of testing on Sepolia, so I’m quite familiar with the structure and logic.

I also tried the Hyperion version out of curiosity — pressed the distribution button once — and the speed was almost instantaneous.
However, the higher gas cost stopped me from running more tests.
I can see how this might become a factor in larger‑scale simulations.

Seeing the AI analysis and policy auto‑adjustments running in real time on Hyperion would be fascinating to experience in a full simulation.

2 Likes

:rocket: MetaPayP2P – Sustainable Circulating Basic Income Model on Hyperion

Core Philosophy:
I base the core philosophy of basic income on the belief that “money is time, and time is freedom.”
Today, under rapid technological advancement and automation, more people must work longer and harder. Income is increasingly concentrated in the hands of a few, and existing welfare systems are already under heavy strain. Without economic freedom, people lose the capacity to care about politics, the environment, or social issues. I believe that only when a basic economic safety net is guaranteed can we achieve true freedom and active participation in society.


Why I Created MetaPayP2P

Past basic income experiments mostly relied on tax funding.
Since resources were limited, these models were not sustainable and ultimately had to stop.

MetaPayP2P is a circulating basic income model that can run permanently with just a one-time initial funding.


How It Works

  • Initial Fund (South Korea example): ~250 trillion KRW

  • Monthly Payment: 500,000 KRW to every citizen via digital wallet

  • Payment Structure: 50% in MetaPay, 50% in cash/card → prevents consumption without labor

  • Restriction: MetaPay cannot be converted into cash; it circulates only within the system

  • Collection Cycle:

    • Months 1–10: Monthly distributions

    • End of Month 10: 10% of each wallet balance collected back to the national wallet

    • Collected amount funds the next month’s distribution

    • The cycle then repeats indefinitely

  • Businesses/Merchants: Receive MetaPay through consumer spending; same 10% collection applies


Key Impacts

  • Economic: Stimulates consumption, boosts domestic demand, increases tax revenue

  • Social: Reduces poverty, enhances stability, promotes political participation

  • Administrative: Automated welfare execution → reduces administrative costs, increases transparency

  • Fairness: Higher earners contribute more to the collection naturally through greater spending → voluntary wealth redistribution

  • Scalability: Can be applied at national, city, or DAO levels


Blockchain & AI Integration

  • Fully implemented as a Hyperion-based smart contract → automates all transactions with guaranteed transparency

  • Live simulation deployed on Hyperion → anyone can verify transactions

  • Alith AI + OpenAI API → analyzes transaction patterns, liquidity, and distribution effects in real time

  • Suggests adjustments based on population/economic changes and detects anomalies or imbalances


Significance for Metis & Hyperion

MetaPayP2P is not just a simulation.
It is a real-time proof of how a sustainable circulating basic income can operate with only a single initial fund by combining blockchain and AI on the Hyperion network.
It represents exactly the scalability and real-world utility that Metis and Hyperion aim to achieve.


:link: Live Simulation: metapayp2p-hyperion-clean2.vercel.app
:laptop: GitHub Repository: github.com/metapay-creator/metapayp2p-hyperion-clean2
:television: YouTube Video: https://youtu.be/PsXN-rGi2JY

1 Like

MetaPayP2P Deployments Update

1. Hyperion Deployment

:link: Live Simulation: https://metapayp2p-hyperion-clean2.vercel.app
:laptop: GitHub Repository: GitHub - metapay-creator/metapayp2p-hyperion-clean2: Frontend for MetaPayP2P Hyperion deployment without AI server
:television: YouTube Video: https://youtu.be/PsXN-rGi2JY


2. LazAI Deployment

:link: Live Simulation: https://metapayp2p-lazai-frontend.vercel.app
:laptop: GitHub Repository: GitHub - metapay-creator/metapayp2p-lazai-frontend: LazAI Testnet version of MetaPayP2P DApp. Connected to contract 0x538253A02f37328e07B13edaF7133a2A5CDF03b8 with updated ABI and RPC.

2 Likes

Title: :rocket: Try the Circular Basic Income Simulation & Get Free SBI Tokens (200 Limited)


Introduction
Welcome to the SBI – Circulating Basic Income test!
This is a unique Web3 economic simulation where tokens are distributed in a sustainable cycle.
We’re running a special event: complete the simulation and leave a short feedback comment to receive a limited edition SBI Token (200 available).


How to Participate (3 minutes)

:one: Install MetaMask

  • Download MetaMask for Chrome or mobile.

  • Create your wallet (save your seed phrase securely).

:two: Add Hyperion Testnet

:three: Get tMETIS for Gas

  • Go to Faucet Link

  • Paste your wallet address & click Request

  • You will receive 0.1 tMETIS per request (1 min cooldown).

  • :link: https://hype-faucet.metis.io/

:four: Run the Simulation

:five: Leave Your Feedback & Wallet Address

  • Reply to this thread with:

    1. Your wallet address (to receive SBI tokens)

    2. One line feedback (e.g. “Easy setup”, “Fun simulation”, etc.)


Reward
:wrapped_gift: Every participant who completes the steps and leaves feedback will get 1 SBI Token.
:coin: Supply is limited to 200 tokens – first come, first served.


:pushpin: Tip: Add screenshots if you faced any issues – it helps us improve and verify participation faster.

2 Likes

the app ui can be better. add some documentation

2 Likes

:backhand_index_pointing_right: Official campaign link: https://rewards.taskon.xyz/quest/993511572


:globe_with_meridians: Circulating Basic Income (CBI) Simulation

  • Traditional UBI: Distributed from taxes → flows to corporations/wealthy → not sustainable

  • CBI: Funds are distributed then collected back into a common pool → sustainable cycle


:hammer_and_wrench: How to Run the Simulation

  1. Click Distribute button 10 times

  2. Click Collect once

  3. Repeat → Distribute → Collect → Distribute → Collect

  4. Use AI Analysis to check insights

  5. Use Reset to restart

:light_bulb: Tip: Connect your wallet first, then follow the steps above.


:gear: Tech Highlights

  • Built with smart contracts for distribution/collection logic

  • AI Analysis (Alith + OpenAI API) provides automated insights


:television: More details in videos:

3 Likes

I also joined the simulation through the updated link.
Everything worked fine — distribution, collection, and the AI analysis alerts were all smooth.
It’s great to see the concept running live, and it really helps me understand how the cycle is designed to be sustainable.
Well done!

1 Like

I just tried the updated simulation link and everything worked smoothly — distribution, collection, and the AI alerts all functioned without issues.
It was very clear and easy to follow.
I also really support the idea of a circulating basic income model — the concept of making income sustainable and fair for everyone is inspiring.
Great work!

2 Likes

:pushpin: Final Submission – MetaPayP2P

Circulating Basic Income Simulation with AI & Peer Transfers


:small_blue_diamond: Track Applied

  • Main Track: Hyperion – Live Apps

  • Bonus Track: Alith AI Integration


:memo: Executive Summary

MetaPayP2P is a Web3-based simulation of a circulating basic income system that makes the principle Money = Time = Freedom a practical reality.

Unlike conventional UBI models — which fail due to unsustainable funding, inflation, or political resistance — MetaPayP2P runs on a closed-loop circulation mechanism:

  • :money_with_wings: Monthly distributions to every citizen wallet

  • :counterclockwise_arrows_button: After 10 cycles, 10% of balances recollected

  • :infinity: Cycle repeats infinitely, no new taxes, no endless printing

With programmable digital currency and on-chain AI auditing, the system guarantees transparency, fairness, and fiscal resilience, offering governments a sustainable policy tool to stabilize economies and empower citizens.

:page_facing_up: Validated through peer-reviewed SSRN paper:
A Policy Design and Sustainability Model of a Circulating Basic Income Using Digital Currency


:key: Problem & Social Impact

Most UBI models fail due to:

  • :cross_mark: Unrealistic funding (higher taxes)

  • :cross_mark: Endless issuance → inflation risk

  • :cross_mark: Political inefficiency & resistance

As inequality, job insecurity, and unemployment rise, people lose not only income but also time and freedom.

:globe_showing_europe_africa: MetaPayP2P goes beyond finance — it is a social framework ensuring baseline stability, enabling participation in politics, innovation, and creativity.

Potential impacts at scale:

  • :chart_increasing: $500/month lifts millions above poverty line

  • :shopping_cart: Stabilizes consumption & aggregate demand

  • :classical_building: Provides governments with a fiscal instrument without raising new taxes

  • :globe_with_meridians: Even allocating just 1% of national GDP could sustain a universal baseline income


:gear: How the Simulation Works

Step-by-step Logic

  1. Distribute → National Wallet distributes funds to 10 Citizen Wallets

  2. Cycle → After 10 rounds, 10% recollected automatically

  3. Repeat → Funds recycled into National Wallet

  4. Stability → Circulation remains constant, no new capital required

:woman_technologist: User Experience:

  • Any participant can connect a wallet in seconds

  • Watch real-time distributions and recollections

  • Visual charts show how circulation remains stable


:1234: Formula Explanation

Symbol Meaning Example
D Monthly Distribution $500
N Cycle Length 10 months
r Recollection Rate 10%

Total Distribution

Total=D×N=500×10=5,000Total = D \times N = 500 \times 10 = 5,000Total=D×N=500×10=5,000

Recollected

Recollected=Total×r=5,000×0.1=500Recollected = Total \times r = 5,000 \times 0.1 = 500Recollected=Total×r=5,000×0.1=500

Carried Forward

Carried=Total−Recollected=4,500Carried = Total - Recollected = 4,500Carried=Total−Recollected=4,500

:right_arrow: This cycle repeats infinitely with stable circulation.


:bar_chart: Validation Metrics

Prototype testing confirmed:

  • :white_check_mark: 50+ distribution–collection cycles executed successfully

  • :white_check_mark: 100+ transactions across 10 wallets with no imbalance

  • :white_check_mark: 1,000+ transactions analyzed by backend AI

:backhand_index_pointing_right: Proves scalability, stability, and transparency.


:robot: AI Integration (Bonus Track)

AI is not just attached — it is embedded in the system:

  • :magnifying_glass_tilted_left: Anomaly detection → flags suspicious or hoarding transactions

  • :balance_scale: Fairness monitoring → checks circulation balance across wallets

  • :loudspeaker: Automated alerts → recommend corrective action if imbalance detected

  • :bar_chart: Policy feedback → enables governments to test different parameters safely

This makes MetaPayP2P the first UBI simulation with AI-driven governance tools.


:chart_increasing: Funding & Fiscal Sustainability

  • Initial Funding → via sovereign bonds or token issuance

  • Repayment → Growth-driven tax revenue used to repay debt

  • Stability → No inflation risk, since circulation is fixed capital

:page_facing_up: Reference: SSRN Research Paper


:globe_showing_europe_africa: Potential Social Impact

At scale, MetaPayP2P could:

  • :dollar_banknote: Guarantee baseline income worldwide

  • :bar_chart: Stabilize consumer demand and employment

  • :classical_building: Provide a programmable fiscal safety net during downturns

  • :globe_with_meridians: Enable nations to design UBI systems without fear of hyperinflation or endless subsidy


:small_blue_diamond: Calibration Formula (GDP-based)

M=α⋅GDP12⋅N⋅(1−r)M = \frac{\alpha \cdot GDP}{12 \cdot N \cdot (1-r)}M=12⋅N⋅(1−r)α⋅GDP​

Where:

  • N = population

  • GDP = annual GDP

  • α = % of GDP allocated

  • r = recollection rate

:backhand_index_pointing_right: Any country can compute monthly per-capita basic income (M) directly from GDP, population, budget share, and circulation rate.


:hammer_and_wrench: Technology Stack

  • Smart Contracts: Solidity (custom ERC variant with distribution/collection logic)

  • Frontend: React + Vite

  • Wallets: MetaMask integration (10 test wallets + national wallet)

  • Backend: Node.js + Express (Render deployment)

  • AI Analysis: OpenAI API + Alith AI (on-chain monitoring & anomaly detection)

  • Chains: Metis Hyperion Testnet & LazAI Testnet

:locked: Security & Transparency: All smart contracts are fully auditable on-chain, ensuring open verification and tamper resistance.


:small_blue_diamond: Workflow in Action (Flowchart)

National Wallet ($50,000)
        │
        ▼
Distribute $500 × 10 Citizen Wallets
        │  (10 rounds)
        ▼
Collect 10% of balances (auto)
        │
        ▼
Funds recycled into National Wallet
        │
        └───> Cycle repeats infinitely


:movie_camera: Presentation (Vision & Roadmap)

:movie_camera: Vibe Session (English): https://youtu.be/PsXN-rGi2JY
:movie_camera: Introductory Video (Korean): https://youtu.be/e4lH_uGN-ck

Achievements

  • Submitted to NLnet (EU program)

  • Positive responses from citizen policy forums in Korea

Future Roadmap

  • Demonstrate on Metis Andromeda mainnet and expand to thousands of wallets

  • Publish simulation results and explore partnerships with NGOs and communities

  • Consider pilot policy programs and explore integration of ZK-ID for secure identity verification

  • Launch multilingual demos and public outreach to expand citizen engagement globally


:movie_camera: Demo & Resources


:busts_in_silhouette: Team

Gyuha Yoon (고은하늘) – Forum ID: @metapay_gyuha

:rocket: Independently built theory → smart contracts → frontend → backend → AI → academic validation.
:backhand_index_pointing_right: Solo project, but demonstrating full-stack execution capacity.


:megaphone: Call to Action

MetaPayP2P is not just a demo — it is a blueprint for sustainable freedom.

We invite:

  • Policymakers → test fiscal resilience

  • Researchers → refine and validate

  • Communities → advocate adoption

:light_bulb: Hackathon prize funds will directly support audits, scalability upgrades, pilot partnerships, and multilingual outreach.

:right_arrow: MetaPayP2P — Turning money into freedom through infinite circulation.